WASHINGTON (AP) — Insurance cancellations are fueling a political backlash against President Barack Obama and Democrats supporting his health care overhaul.
The president apologized Thursday for the turmoil some consumers are going through, but there may yet be a silver lining as far as the law itself.
It's Economics 101, a little-noticed consequence of a controversial policy decision. And there are winners and losers.
Millions of people who currently buy their own health insurance coverage are losing it next year because their plans don't meet requirements of the health care law. But experts say the resulting shift of those people into the new health insurance markets under Obama's law would bring in customers already known to insurers, reducing the overall financial risks for each state's insurance pool.
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